S&P 500, Nasdaq 100 and Dow futures are lower before the open as long-end Treasury yields rise, Brent trades near $91, and the market watches Home Depot and Baidu earnings. The sharpest company action is split between price-first small-cap movers, a memory/AI continuation tape, and selected earnings or management-change decliners.

The U.S. 10-year yield is around 4.738% and the 30-year is near 5.32% as global bond selling tightens financial conditions before the open. Why it matters: Higher discount rates can weigh on housing, software, real estate and leveraged consumer activity while shaping bank and insurer read-throughs. What to watch: Watch whether Treasury yields keep rising after housing starts, import prices and Home Depot commentary.

WTI and Brent are higher and WSJ reports a Strait of Hormuz cargo-ship strike after the U.S.-Iran truce expired. Why it matters: Higher crude can support producers and refiners while pressuring airlines, shippers and other fuel-sensitive companies. What to watch: Watch Brent near $91, Hormuz shipping updates and whether energy equities outperform while travel and transport lag.

Sandisk, Micron, Western Digital and semiconductor peers remain active after reporter coverage tied memory strength to AI demand and supplier-policy headlines, even as Nasdaq futures decline. Why it matters: The group is a major read-through for AI infrastructure spending, hardware margins and capital-expenditure confidence. What to watch: Watch whether SNDK, MU, WDC, MRVL and AMAT hold gains or fade with Nasdaq futures.

MarketBeat shows large upside and downside premarket moves across XOS, AMLX, RMIX, BTAI, DCGO and FN while the major scheduled earnings focus is HD and BIDU. Why it matters: The desk has many high-beta leads, but several moves need human source review before any story copy is written. What to watch: Watch updated company releases, SEC filings and whether two-source quote checks confirm the largest moves after 6:30 AM ET.

On Monday afternoon, The Information reported that the company is targeting an August launch of its purpose-built Cybercab in Austin. The two-seat, steering-wheel- and pedal-free robotaxi is expected to initially offer employee rides on public roads before joining Tesla’s Austin Robotaxi service. Tesla began Cybercab production in Texas last month and is continuing testing and first-responder training ahead of the rollout.

Gapping down after its Q2 2026 earnings report. Revenue of $1.04 billion represented 27% year-over-year growth and beat estimates of $994 million. The company projected Q3 2026 revenue between $940 and $980 million, underperforming estimates of $1.11 billion; its adjusted operating income outlook of $5 million-$15 million for the same quarter similarly missed estimates of $52.8 million. Klarna's FY 2026 revenue outlook also missed estimates.

Memory stocks are pulling back following a sector-wide rally on Monday. Stocks in the group closed as much as 10% higher on that session after US Commerce Secretary spoke negatively about the prospect of Apple using memory from China. Why it matters: Lutnick's comments highlighted ongoing concerns about memory supply, an issue that has kept memory stocks in focus in recent weeks and months.

Sources: Barron's Sandisk memory-stock report; MarketWatch memory-stock AI spending report; Investing.com real-time futures and market movers

Trading higher premarket after its Q2 2026 earnings report, with sales of $47.9 billion and adjusted EPS of $4.92 beating estimates of $47.27 billion and $4.73, respectively. Comparable sales grew by 1.7% year-over-year, above estimates of 0.7%, and net income of $4.8 billion topped estimates of $4.72 billion. The company affirmed its FY 2026 sales growth outlook of 2.5% to 4.5%, compared to estimates of 3.8%, and continues to expect flat to 4% adjusted EPS growth on a year-over-year basis.

Sources: Home Depot investor events; TipRanks earnings calendar Aug. 18, 2026; Kiplinger earnings calendar and analysis

Pulling back after closing more than 4% higher on Monday. Several companies and firms, including Nvidia and Citadel, disclosed hefty SpaceX positions in the first round of 13F filings since the company's June IPO. Why it matters: SpaceX's stock rejected the key $150 level on Monday, the second such rejection in less than a week. The stock opened at $150 for its first-ever trading session on June 12; its IPO price was $135.

Sources: Investing.com real-time futures and market movers; Barron's live futures update

Gapping down after its Q2 2026 earnings report. Revenue of 31.3B Chinese yuan missed estimates of 31.96 billion yuan and represented a 2% sequential decline. Non-GAAP earnings per American depository share came in at 7.22 yuan, sharply below estimates of 9.92 yuan. Adjusted EBITDA was reported at 6.2 billion yuan, topping estimates of 5.79 billion yuan. Baidu General Business revenue declined by 4% year-over-year, while AI cloud infrastructure revenue grew by 50%.

Sources: Baidu investor overview and SEC filings; TipRanks earnings calendar Aug. 18, 2026; fffinstill earnings calendar for Aug. 17-21, 2026

Electric freight company Einride intends to deploy 500 Tesla Semis for Amazon, among other customers, across major US freight corridors starting in September. The company will use its Saga AI platform to operate electric and autonomous trucking fleets. The 24-month rollout across California, Texas, New Jersey, Illinois and Georgia is expected to triple Einride’s deployed electric-truck fleet.

Nikkei reported that the company plans to move all Pixel smartphones, watches and earbuds production out of China by 2027. Google will reportedly shift manufacturing primarily to Vietnam and India as it diversifies its supply chain amid US-China tensions. The company also expects Pixel shipments to grow 8%-10% this year from roughly 12 million units in 2025, despite rising memory-chip costs.

The company faces a major trial in California federal court over allegations that Facebook and Instagram were designed in ways that harmed young users’ mental health. Attorneys representing a bipartisan coalition of 29 states will present opening arguments to an eight-person advisory jury on Tuesday. US District Judge Yvonne Gonzalez Rogers will ultimately decide the case.

BofA maintained a Buy rating and $350 price target on the stock, arguing its strategy of securing chips, land, power and data-center capacity positions it to capitalize on persistent AI compute scarcity while diversifying beyond hyperscalers. The firm sees Nvidia’s valuation as attractive at 18x/15x CY27/28 EV/FCF, but warns that a slowdown in AI demand could pressure both growth and the balance sheet.

Mizuho downgraded the stock to Neutral from Outperform with a $17 price target, citing a challenging turnaround weighed down by execution issues, capacity changes, construction delays, Middle East tensions and higher oil prices. The firm expects Norwegian to ultimately complete the turnaround but sees shares trading sideways over the next 6–12 months.

The company posted Q2 2026 revenue of $1.63 billion and adjusted earnings of $0.22 per share, beating estimates of $1.54 billion and $0.11, respectively. Adjusted EBITDA of $311.9 million sharply outperformed estimates of $198 million, and adjusted operating margin improved by 730 basis points year-over-year to 12.8%. Amer’s Q3 2026 adjusted EPS outlook of $0.31 to $0.33 missed estimates of $0.38, though its FY 2026 adjusted EPS outlook of $1.27 to $1.30 beat estimates of $1.26.

Gapping up after securing a US Air Force prototype development agreement for mobile charging infrastructure. Xos will adapt its Hub battery-storage platform for military use in Tennessee under a multi-year partnership running through late 2027, marking its first defense contract. Why it matters: Xos has a float of 6.75 million shares, 8.1% of which are sold short.

Sources: MarketBeat pre-market movers